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Tuesday, November 26, 2024

Brea-based Medical Equipment and Services company Envista Holdings Corp. (NVST:NYQ) sees value fall 49.8% in April

Stock market 2 edited

Value in Medical Equipment and Services stocks fell 13.8 percent in April from the previous month.

The strongest performing Medical Equipment and Services company in California was Ekso Bionics Holdings Inc. (EKSO:NAQ), sitting 406.8 percent higher to sell at $2.27.

NovaBay Pharmaceuticals Inc. (NBY:ASQ) fared the worst among California companies, suffering an 80.2 percent drop to $0.2396.

Among Brea companies, Envista Holdings Corp. (NVST:NYQ) saw the biggest fall in value of 49.8 percent in April.

The Finance and Credit Services industry was the month’s best-performing industry on the market. The market is divided into 45 different industries.

Telecommunications Service Providers was the worst-performing industry.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Rank of stock market industries in April

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Finance and Credit Services94.9%378.3%-95%
Tobacco4.2%117.7%-98.5%
Beverages2.6%2,905.2%-96.2%
Personal Care, Drug and Grocery Stores2.4%2,369.4%-65.1%
Industrial Materials1.6%803.7%-63.3%
Food Producers0.4%285.9%-100%
Oil, Gas and Coal-0.4%1,397.1%-95.5%
Open End and Miscellaneous Investment Vehicles-0.5%72,315.9%-100%
Waste and Disposal Services-2.2%44.2%-97.8%
Banks-3.3%424,605%-99.8%
Chemicals-3.6%562.4%-99%
General Industrials-3.9%263.2%-68.8%
Household Goods and Home Construction-4.3%1,446.6%-94.8%
Non-life Insurance-4.7%278.3%-93.2%
Retailers-4.7%3,917.8%-97.3%
Telecommunications Equipment-5.3%8,940.4%-82.1%
Travel and Leisure-5.3%288.5%-98.5%
Gas, Water and Multi-utilities-5.4%611.7%-79.8%
Real Estate Investment Trusts-5.5%1,077.1%-66%
Electricity-5.9%220.4%-80.3%
Closed End Investments-6%889.9%-97.6%
Mortgage Real Estate Investment Trusts-6.5%4,201.5%-70.7%
Real Estate Investment and Services-6.9%11,471.4%-98%
Consumer Services-7.4%348.3%-96.1%
Aerospace and Defense-7.4%1,796.1%-97.7%
Health Care Providers-7.5%401.2%-99%
Electronic and Electrical Equipment-7.5%2,767.4%-90.5%
Industrial Metals and Mining-7.6%1,877.6%-98.2%
Industrial Support Services-7.8%615.8%-99.2%
Personal Goods-8.8%126.1%-80.4%
Construction and Materials-9.4%424.4%-99.8%
Industrial Engineering-10.3%878.9%-96.7%
Life Insurance-10.4%16,583.6%-93.6%
Investment Banking and Brokerage Services-11.5%134,812.1%-94%
Precious Metals and Mining-11.6%7,390.7%-97%
Automobiles and Parts-12%405.5%-96.8%
Leisure Goods-12.5%2,739.4%-97.9%
Technology Hardware and Equipment-12.9%175.9%-92.6%
Industrial Transportation-13.1%343.9%-70.7%
Pharmaceuticals and Biotechnology-13.6%56,354.6%-99.8%
Medical Equipment and Services-13.8%406.8%-99.9%
Software and Computer Services-14%85,905.1%-99.3%
Media-16.4%50,275.2%-98.1%
Alternative Energy-17%3,643.6%-81.1%
Telecommunications Service Providers-22.1%677.7%-86.4%

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